Accurate, I use it daily
Is simple and accurate. Great app
Free
About
Easily calculate monthly loan payments by inputting loan amount, term, and interest rate. This tool helps determine costs for various loan types like car loans or mortgages.
✓Loan payment calculation
✓Input loan amount
✓Input loan term
✓Input interest rate
✓Supports car loans
✓Supports mortgages
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What's New in Simple Loan
1.0.1
May 15, 2015
This app has been updated by Apple to display the Apple Watch app icon. Bug fixes. Added Amortization Table. Added Total Loan Cost
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FAQ
How does Simple Loan calculate monthly payments?
Simple Loan calculates monthly payments by taking your loan amount, the loan term in years, and the annual interest rate as inputs. It then uses a standard loan amortization formula to determine the fixed monthly payment required.
What types of loans can I calculate with Simple Loan?
You can use Simple Loan to calculate monthly payments for a variety of loan types, including car loans, mortgages, personal loans, and any other loan where you need to determine a fixed repayment amount.
Is Simple Loan optimized for specific devices?
Yes, Simple Loan is optimized for iPhone 5, 5s, and 6. It is also available for iPad and iPod devices.
What is the age rating for Simple Loan?
Simple Loan has an age rating of 4+, making it suitable for users of all ages.
How often is Simple Loan updated?
The latest version of Simple Loan is 1.0.1, which was last updated on May 15, 2015. The initial release date was May 3, 2015.
Does Simple Loan have ads?
No, Simple Loan does not contain advertisements. It is a completely ad-free application.
What is the user rating for Simple Loan?
Simple Loan has a perfect rating of 5.0 stars, based on one user review.
Can Simple Loan help with refinancing calculations?
While Simple Loan is designed to calculate monthly payments for new loans, you can input the details of a refinanced loan amount, term, and interest rate to estimate new monthly payments.
